Concerns about warehousing charity dollars and tax subsidies for wealthy donors and perpetual foundations transcend partisan divide.
Giving USA 2022 is the gold-standard report on charitable giving in the United States. But this year's story glosses over two important pieces of long-term context: what has happened to the giving capacity of typical Americans, and where much of the charitable giving has actually gone.
Watch this stunning time lapse illustration of the rise of donor-advised funds (DAFs) as the largest recipients of charitable gifts.
Charitable giving has become a taxpayer-subsidized extension of private power and influence for the wealthiest people in the country. It's time to fix that.